inlay vs ornament

inlay and ornament both are nouns.

Word	Noun	Adjective	Verb	Adverb
inlay	Yes	No	Yes	No
ornament	Yes	No	Yes	No

As nouns, ornament is a hypernym of inlay; that is, ornament is a word with a broader meaning than inlay:

inlay: a decoration made by fitting pieces of wood into prepared slots in a surface
ornament: something used to beautify

Other hypernyms of inlay include decoration, ornamentation.

As verbs, ornament is a hypernym of inlay; that is, ornament is a word with a broader meaning than inlay:

Other hypernyms of inlay include adorn, beautify, decorate, embellish, grace.

inlay (noun)	ornament (noun)
a decoration made by fitting pieces of wood into prepared slots in a surface	something used to beautify
(dentistry) a filling consisting of a solid substance (as gold or porcelain) fitted to a cavity in a tooth and cemented into place

inlay (verb)	ornament (verb)
decorate the surface of by inserting wood, stone, and metal	make more attractive by adding ornament, colour, etc.
	be an ornament to